• MoonPay, a payment infrastructure provider that enables cryptocurrency purchases using credit cards, bank transfers, and mobile wallets, has launched “NFT Checkout”. The company claims this is the world’s first plug-and-play checkout solution that enables the direct purchase of NFTs using credit cards.

• NFT Checkout can be used on any blockchain, including Ethereum, Flow, Solana, and Polygon, and purchased NFTs are delivered directly to an on-chain wallet address. The checkout solution classifies NFTs as “digital goods” and the current card approval rates are reportedly higher than standard “crypto on-ramps” (platforms that convert fiat money to cryptocurrencies). MoonPay claims the NFT Checkout offers an easier verification process that handles debit/credit cards, including Apple Pay, Samsung Pay, Google Pay, SEPA, Faster Payments, Wire Transfers, Open Banking, and ACH, and the company undertakes regulatory and chargeback responsibility.

<ul><li>The news follows the announcement earlier this month of Coinbase’s partnership with Mastercard, to enable direct credit card payments for its upcoming NFT marketplace.</ul>